e.l.f. Beauty (NYSE:ELF) Stock Has Consensus Price Target of $99.00 According to Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $99.94.

A number of brokerages have weighed in on ELF. Raymond James Financial upped their price objective on shares of e.l.f. Beauty from $100.00 to $117.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 1st. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. TD Cowen lifted their price target on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group upped their price target on e.l.f. Beauty from $110.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Citigroup upped their price target on e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, September 14th.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $110.00 on Tuesday. The stock has a 50-day simple moving average of $100.42 and a two-hundred day simple moving average of $77.66. The firm has a market capitalization of $6.49 billion, a P/E ratio of 110.00, a PEG ratio of 3.08 and a beta of 1.61. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $141.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts forecast that e.l.f. Beauty will post 2.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren Levitan sold 1,034 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director directly owned 10,516 shares of the company’s stock, valued at $979,565.40. This represents a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kory Marchisotto sold 12,173 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total value of $1,071,467.46. Following the transaction, the insider directly owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. The trade was a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 87,702 shares of company stock valued at $8,902,588. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Greenwood Capital Associates LLC grew its position in shares of e.l.f. Beauty by 2.4% in the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock valued at $402,000 after purchasing an additional 125 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in e.l.f. Beauty by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company’s stock worth $734,000 after buying an additional 200 shares in the last quarter. Waverly Advisors LLC lifted its position in e.l.f. Beauty by 1.9% during the first quarter. Waverly Advisors LLC now owns 11,930 shares of the company’s stock worth $723,000 after buying an additional 217 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in e.l.f. Beauty by 3.5% during the first quarter. First Citizens Bank & Trust Co. now owns 6,599 shares of the company’s stock worth $400,000 after buying an additional 226 shares during the last quarter. Finally, World Investment Advisors boosted its stake in e.l.f. Beauty by 6.9% during the first quarter. World Investment Advisors now owns 4,402 shares of the company’s stock worth $267,000 after buying an additional 285 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.